Episode 0029
Summary
The audio features a conversation between a father and son, Johnny, discussing Johnny's request to borrow $30,000 for market investment. Johnny expresses optimism, viewing the economic downturn as an opportunity, particularly in emerging markets like China. The father, however, is cautious, citing market instability, recent layoffs, and currency devaluation in said markets. Despite his father's reservations, Johnny remains determined and decides to ask his mother for the money instead.
Transcript (Click timestamp to jump)
Dad, I'd like to borrow some money.
Uh, sure Johnny, how much do you need? Five bucks?
Come on, Dad. I need 30,000. I want to get into the market. You know, I'm tired of hearing all this news about the economic downturn, the inevitable recession, people stuffing their money in their mattresses. I look at this as an opportunity. This is a chance for me to get a jump start on building my nest egg.
I don't know about that. With all the uncertainty in the markets right now, it'd be a very unwise decision to invest. I don't know if you're aware, son, but there has been a lot of turmoil in the markets recently. And there've already been half a million layoffs in the last few months, and we have no idea how the proposed stimulus package will impact upon the economy. There's just too much instability.
I just wouldn't feel comfortable investing in this climate.
But look at it this way. Every challenge is an opportunity. Anyway, I'm not talking about investing in the domestic market. There are emerging markets that promise great returns. Look at China, for example. They have 1.4 billion people. Half a billion of whom have recently entered the middle class. Here alone, the aggregate demand for consumer goods represents an amazing wealth-generating opportunity.
Oh, come on, son, you're looking at this too naively. The Chinese market has exhibited a great deal of instability, and their currency has been devalued by almost a whole percentage point.
Fine then. If that's the way you feel, so be it. But you're losing out on a great opportunity here. I'm going to hit up mom for the cash.
Summary
This audio features a podcast discussion between Marco and Erika about advanced English vocabulary related to finance and economics. They introduce and then analyze a dialogue between a son and his dad. The son wants to invest 30,000 in emerging markets like China, viewing it as an opportunity despite economic downturns. The dad, however, is cautious, citing market instability, layoffs, and currency devaluation, suggesting the son's view is naive. The son, undeterred, decides to ask his mom for the cash. Marco and Erika then break down key vocabulary from the dialogue, including 'turmoil' (a state of uncertainty or chaos), 'proposed stimulus package' (a suggested government plan to boost the economy), 'aggregate demand' (the combined demand for consumer goods), 'nest egg' (money saved for the future), 'inevitable' (unavoidable), and 'hit up' (slang for asking someone for money). The podcast concludes by encouraging listeners to visit their website for further questions.
Transcript (Click timestamp to jump)
Hello English learners, welcome back to English Pod. My name is Marco.
And I'm Erica. We're bringing you an advanced lesson today.
That's right.
An advanced lesson where we talk about investing in emerging markets.
Right. So it's kind of a business topic. It's kind of a world topic as well.
Yes.
And it's pretty difficult.
Yeah, it is really hard.
Right. So, if you're listening and you don't understand everything, please don't get discouraged. Don't worry about it because we're here to learn.
Yes, and we're here to help you.
Right. Mhm.
So, let's get started with this. I'm really excited about this lesson.
Yeah, okay. Well, Marco, maybe you can tell us a little bit, what is an emerging market?
An emerging market is a market that is starting to develop.
Okay.
And it's growing rapidly.
So you can maybe give some examples of emerging markets.
Well, for example, China is an emerging market. In the last years, it's been growing rapidly.
Yeah.
More and more people are are moving to the middle class and have money to spend.
Right. Exactly.
So China's like a really great example of an emerging market.
All right, well, with that, let's listen to the dialogue for the first time.
Dad, I'd like to borrow some money.
Uh, sure, Johnny, how much do you need? Five bucks?
Come on, Dad, I need 30,000. I want to get into the market. You know, I'm tired of hearing all this news about the economic downturn, the inevitable recession, people stuffing their money in their mattresses. I look at this as an opportunity. This is a chance for me to get a jump start on building my nest egg.
I don't know about that, huh? With all the uncertainty in the markets right now, it would be a very unwise decision to invest. I don't know if you're aware, son, but there has been a lot of turmoil in the markets recently. And there've already been half a million layoffs in the last few months, and we have no idea how the proposed stimulus package will impact upon the economy. There's just too much instability. I just wouldn't feel comfortable investing in this climate.
But look at it this way, every challenge is an opportunity. Anyway, I'm not talking about investing in the domestic market. There are emerging markets that promise great returns. Look at China, for example. They have 1.4 billion people, half a billion of whom have recently entered the middle class. Here alone, the aggregate demand for consumer goods represents an amazing wealth-generating opportunity.
Oh, come on, son, you're looking at this too naively. The Chinese market has exhibited a great deal of instability, and their currency has been devalued by almost a whole percentage point.
Fine then. If that's the way you feel, so be it. But you're losing out on a great opportunity here. I'm going to hit up Mom for the cash.
Well, it sounds like the dad has missed out on a really big investment opportunity, hey?
Yeah, his and his son is pretty smart.
Yeah.
Pretty smart little boy. Uh-huh.
Okay, so we have some great words that we want to look at here. Why don't we start with the first one, turmoil.
Turmoil.
Turmoil. So we have some great examples of how turmoil is used in different sentences, so let's listen.
Example one.
With a civil war, a famine, and inflation, the country has been in turmoil for 10 years.
Example two.
There's been a lot of turmoil in my life recently. I've moved to a new city, I've changed my job, I broke up with my girlfriend.
Example three.
The devaluation of the dollar caused a great deal of turmoil in the markets.
So turmoil is a state of of uncertainty, of change, of difficult times.
A little bit of chaos.
Yeah, yeah. So, for example, when there's a lot of turmoil in the market, that means stock prices are changing drastically from day to day.
Right.
Or the economy is in turmoil, there's a lot of problems going on.
Yeah, uncertainty. Uncertainty. Okay.
Good word.
All right, and we also saw something really interesting in the dialogue about a proposed stimulus package.
A proposed stimulus package.
So a proposed stimulus package is something that's going on now.
Yes, let's break this phrase down.
Mhm. So we've got stimulus package. A stimulus package, uh something to stimulate the economy, right?
Right. So money from the government to get the economy moving.
To get it moving. Stimulus package. Proposed.
It means that it hasn't been approved yet. Right. It's suggested.
Suggested. It's an idea. Mhm.
So the proposed stimulus package for the US economy, for example, is 150 billion dollars.
Right. That's 150 billion dollars of American taxpayers money that the government wants to put into the economy to keep it moving.
To keep it moving, right. So, if it works or not, that's still a debate, but it's a proposed stimulus package.
Let's move to our third phrase, aggregate demand.
Aggregate demand. Aggregate demand.
So demand is pretty clear, but this word aggregate. What's that about?
Aggregate is like a combined, added. Right? Yeah. Aggregate demand. For example, in a country like China, where cities like in Shanghai or cities like Beijing, where more and more people are accumulating wealth, the aggregate demand is increasing.
Right. Right. The combined demand for consumer goods is growing. Right.
More people, more, have more money, so they're spending more.
Yes. Okay.
You know, Marco, there's a ton of excellent language in this dialogue, isn't there?
Yeah, a lot of good stuff here. Yeah.
And we want to listen to the dialogue one more time, but before we do, we have three words for you that we want you to listen for.
Yeah, pay attention to these words. Nest egg. Inevitable. And hit up.
Nest egg. Inevitable. Hit up.
So, from the context of the dialogue, try and see if you can figure out what they mean. But after listening to it, we'll come back and explain it anyways.
Dad, I'd like to borrow some money.
Uh, sure, Johnny, how much do you need? Five bucks?
Come on, Dad, I need 30,000. I want to get into the market. You know, I'm tired of hearing all this news about the economic downturn, the inevitable recession, people stuffing their money in their mattresses. I look at this as an opportunity. This is a chance for me to get a jump start on building my nest egg.
I don't know about that, huh? With all the uncertainty in the markets right now, it would be a very unwise decision to invest. I don't know if you're aware, son, but there has been a lot of turmoil in the markets recently. And there've already been half a million layoffs in the last few months, and we have no idea how the proposed stimulus package will impact upon the economy. There's just too much instability. I just wouldn't feel comfortable investing in this climate.
But look at it this way, every challenge is an opportunity. Anyway, I'm not talking about investing in the domestic market. There are emerging markets that promise great returns. Look at China, for example. They have 1.4 billion people, half a billion of whom have recently entered the middle class. Here alone, the aggregate demand for consumer goods represents an amazing wealth-generating opportunity.
Oh, come on, son, you're looking at this too naively. The Chinese market has exhibited a great deal of instability, and their currency has been devalued by almost a whole percentage point.
Fine then. If that's the way you feel, so be it. But you're losing out on a great opportunity here. I'm going to hit up Mom for the cash.
So the kid wants to invest because he wants to set up his nest egg.
That's right. So basically he wants to get a bunch of cash together so that he can buy a house or get married or whatever. It's that the money you need to start your life, right?
To start your life, your nest egg.
Mhm. It's kind of a weird way of referring to this money, right?
I guess it is kind of funny.
And also the little boy talked about an inevitable recession.
Yes, inevitable. Inevitable.
Inevitable basically means unavoidable. Right. So this guy thinks that the recession is unavoidable. It's going to happen.
Yes, inevitable.
You know, this word inevitable, if you apply the root word, you can get a noun, an adjective, or an adverb, right?
Right.
So we've got some examples where you can see this word in action.
Example one.
Jason knew he was going to get laid off, but he was trying to delay the inevitable.
Example two.
As a new manager, it's inevitable that you're going to make mistakes.
Example three.
Inevitably, we all die at the end of our lives.
So as you can see, the noun and adjective form are the same. Yes, inevitable.
Inevitable.
When we use it as an adverb, though, we add the LY to it. Inevitably. Inevitably.
Yes.
So yeah, as you can see, we could use it in many different ways depending on what we want to say.
Right. Well, inevitably, we have to move on to our third word. Hit up.
Hit up.
So he says he's going to hit up Mom for the cash.
Ask his mom. Yeah.
Hit up. Yeah, this is kind of a slangy term, isn't it?
Yeah, it's a it's more informal. A lot more slangy. Yeah.
You wouldn't really use it with your boss, would you?
No, you're not going to go up to your boss and say, hey, I need to hit you up for some cash.
No. So, Marco, I think this word is only applying to money, right?
Well, you wouldn't go up to your boss and say, oh, I need to hit you up for some vacation time.
No, it's typically used like for money.
For money, in this context. Yeah. Hit them up.
We've got some examples of the phrase hit up. Let's listen.
Example one.
I'm going to hit up the boss for a raise.
Example two.
Are you trying to hit me up for money?
Example three.
I don't have any cash. Have you tried hitting up Sophie? She's rich.
Okay, so this is our first advanced lesson. I hope you enjoyed it. It is a lot more challenging, I think.
Yes.
Especially because it's set in a business context, so it makes it So we have a lot of specific words and a lot of technical vocabulary.
That's right. Marco, you're exactly right, and I think that our users are going to have a lot of questions about the language in this in this lesson, so I'd like to invite you guys to come on to our website at EnglishPod.com.
Exactly, where you can leave all your questions and comments, and we'll be there to answer them. But until then, it's
Goodbye.
Summary
The audio is a vocabulary lesson from "The English Pod Audio Review." It introduces several English vocabulary words and phrases by first providing a definition, then the word itself. It then reviews these words and definitions at a faster pace, before finally presenting each word with an example sentence to illustrate its usage. Key vocabulary covered includes "unavoidable," "inevitable," "nest egg," "turmoil," "stimulus package," "emerging market," "devalue," and "hit up."
Transcript (Click timestamp to jump)
The English Pod audio review.
Listen to the meaning, then say the vocabulary word.
Unavoidable.
Inevitable.
Money that is saved to pay for something in the future, usually a house or retirement.
Nest egg.
A state of confusion, disorder, disturbance.
Turmoil.
Amount of money the government uses to improve the economy.
Stimulus package.
State of not being stable, being likely to change.
Nations undergoing quick industrialization.
Emerging market.
Combined.
Reduced in value.
Devalue.
Ask for money.
Hit up.
Let's try that faster.
Unavoidable.
Inevitable.
Ask for money.
Hit up.
Amount of money the government uses to improve the economy.
Stimulus package.
State of not being stable, being likely to change.
Money that is saved to pay for something in the future, usually a house or retirement.
Nest egg.
A state of confusion, disorder, disturbance.
Turmoil.
State of not being stable, being likely to change.
A state of confusion, disorder, disturbance.
Turmoil.
State of not being stable, being likely to change.
A state of confusion, disorder, disturbance.
Turmoil.
Unavoidable.
Inevitable.
Reduced in value.
Devalue.
Nations undergoing quick industrialization.
Emerging market.
State of not being stable, being likely to change.
Nations undergoing quick industrialization.
Emerging market.
Now say the word and hear it in a sentence.
Inevitable.
Jason knew he was going to get laid off, but he was trying to delay the inevitable.
Nest egg.
I invested in the stock market five years ago and built a nice nest egg.
Turmoil.
With a civil war, a famine and inflation, the country has been in turmoil for 10 years.
Emerging market.
Demand for luxury goods is growing quickly in emerging markets like China.
Devalue.
The currency has been devalued by nearly 40%.
Hit up.
I'm going to hit up the boss for a raise.
Inevitable.
Jason knew he was going to get laid off, but he was trying to delay the inevitable.
Emerging market.
Demand for luxury goods is growing quickly in emerging markets like China.
Devalue.
The currency has been devalued by nearly 40%.
Hit up.
I'm going to hit up the boss for a raise.